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Chow Tai Fook

March 13, 2015

Leadership transition is a cause of concern for many family businesses in Hong Kong, but could increasing competition form Shanghai and Beijing spell the end for family-run companies in the district? 

Business and wealth is heavily intertwined in Hong Kong – the special administrative region of China that operates under its “one country, two systems” principle. The statement is particularly true of family businesses in the region, where up to 60% of all business are family controlled. Among the best known are Hutchinson Whampoa, owned by Li Ka-Shing, the richest man in Asia, and Chow Tai Fook, a conglomerate with interests in jewellery and property. 

July 3, 2012

Some of the largest and most famous family businesses in the world, such as Canada’s Empire Company, Hong Kong’s Chow Tai Fook and the Rothschild family’s Paris Orleans, reported vastly contrasting results in the last week.

Some of the largest and most famous family businesses in the world, such as Canada’s Empire Company, Hong Kong’s Chow Tai Fook and the Rothschild family’s Paris Orleans, reported vastly contrasting results in the last week.

Empire Company, the holding group controlled by the Sobey family, said on 28 June that sales rose to $16.25 billion (€12.91 billion) for the year ending 5 May 2012, up from around $15.9 billion the previous fiscal year.

December 12, 2011

Family-controlled Chow Tai Fook has raised less than expected from its initial public offering in Hong Kong, according to media reports.

Family-controlled Chow Tai Fook has raised less than expected from its initial public offering in Hong Kong, according to media reports.

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